Asked by Michael Byars on May 16, 2024

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Usury laws are popular with _______.

A) the public and with economists
B) the public,but not with economists
C) economists,but not with public
D) neither the public nor with economists

Usury Laws

Regulations governing the maximum interest rate that can be charged on a loan.

  • Relate the concept of usury laws to interest rates and their impact on borrowers and lenders.
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KS
Karol StephensMay 23, 2024
Final Answer :
B
Explanation :
Usury laws are often supported by the public, as they are designed to protect borrowers from excessive interest rates charged by lenders. However, many economists argue that such laws can lead to unintended consequences, such as a decrease in access to credit for certain individuals and an increase in black market lending. Therefore, usury laws are not generally favored by economists.